MORE: Deutsche Bank Said to Pay $2.14b to Resolve Libor Probes

Deutsche Bank Co-CEO Anshu Jain
Anshu Jain, co-chief executive officer of Deutsche Bank AG, speaks during the bank's annual general meeting in Frankfurt. Photographer: Ralph Orlowski/Bloomberg

(Bloomberg) -- Deutsche Bank is poised to settle U.S. and U.K. investigations for about 2b euros, according to a person briefed on the matter.

* New York’s Department of Financial Services may install a

monitor at bank to oversee its compliance with settlements

to be announced as soon as Thursday * Penalty would top UBS’s $1.5b settlement to rank as the

largest levied in investigation into rigging of interest- rate benchmarks inc. Libor * DB earlier said it will log 1.5b euros in litigation costs

in 1Q * NOTE: NYT reported April 9 Deutsche may pay $1.5b or more

for Libor settlement *

* Analysts have said DBK’s Libor provision shortfall is

probably at least $500m

* DB has paid EU7.1b on litigation in past 3 years

* Deutsche still faces legal challenges including probes

into FX, mortgage- and asset backed securities dealings,

alleged U.S. sanctions violations

* Last week, Spiegel reported that DB was being

‘uncooperative’ in Libor review, according to FCA

* Deutsche 1.5b euro cost shows legal volatility: BI Chart

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